[tabi] Re: tax credit

  • From: "Betsy" <betsaw@xxxxxxxxxxxxx>
  • To: <tabi@xxxxxxxxxxxxx>
  • Date: Tue, 23 Mar 2010 16:13:24 -0400

yes that's how it worked for me.

  ----- Original Message ----- 
  From: Allison and Chip Orange 
  To: tabi@xxxxxxxxxxxxx 
  Sent: Tuesday, March 23, 2010 7:21 AM
  Subject: [tabi] Re: those receiving SSI or SSDI aren't eligible for the 
"schedule M" making work pay credit


  thanks.  I should really correct myself again: those who receive SSI or 
social security in some way have already received $250 of the $400 credit.

  so, you subtract this and you still can receive $150 of the credit (unless 
you received more than $250 last year; I'm not clear if everyone received the 
same amount or not).

  Chip




------------------------------------------------------------------------------
  From: tabi-bounce@xxxxxxxxxxxxx [mailto:tabi-bounce@xxxxxxxxxxxxx] On Behalf 
Of Betsy
  Sent: Tuesday, March 23, 2010 5:59 AM
  To: tabi@xxxxxxxxxxxxx
  Subject: [tabi] Re: those receiving SSI or SSDI aren't eligible for the 
"schedule M" making work pay credit


  I discovered that one when I filed in February.  Sorry for not posting that.

    ----- Original Message ----- 
    From: Chip Orange 
    To: tabi@xxxxxxxxxxxxx 
    Sent: Monday, March 22, 2010 3:15 PM
    Subject: [tabi] those receiving SSI or SSDI aren't eligible for the 
"schedule M" making work pay credit


    hi all,

    Earlier I mentioned the "making work pay" stimulus payment, available via 
your income filing form this year.

    here's a short explanation as to why those receiving certain governmental 
benefits are not eligible:

    "So, in its infinite wisdom, Congress came up with another Rube Goldberg 
machine,
    which resulted in the IRS having to create Schedule M.
    If you are working AND receiving Social Security, Supplemental Security, 
Veterans'
    benefits, or RailRoad Retirement benefits, the amount of your maximum 
Making Work
    Pay $400 credit is reduced by the $250 Economic Recovery Payment you got 
(last year)."

    here's the entire web site explaining it:

    
http://bedbuffalos.blogspot.com/2010/02/schedule-m-doesnt-stand-for-making-work.html


    sorry for getting anyone's hopes up too much.

    Chip





    ------------------------------

    Chip Orange
    Database Administrator
    Florida Public Service Commission

    Chip.Orange@xxxxxxxxxxxxxxx
    (850) 413-6314

     (Any opinions expressed are solely those of the author and do not 
necessarily reflect those of the Florida Public Service Commission.)

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